Long-term Support for Basis Gold Mechanism (Distributing BAG to BAGS Holders)

Dear users,

Many users have participated in the "Holding BAGS to Win BAG Airdrop" program since its launch. In order to improve our users' experience, Huobi Global will continue to support the "Basis Gold Mechanism" (Distributing BAG to BAGS Holders). Users who hold BAGS at the snapshot time can earn the on-chain Rebase reward (Please note that BAG airdrops may not be obtained due to the on-chain operating mechanism).

1. Snapshot time: Daily snapshot at 11:00:00 (UTC+8)

2. Participation: Users who hold BAGS at the time of the snapshot can participate.

3. Snapshot scope: Huobi Global Exchange Account (The BAGS holdings of all sub-accounts are included in the corresponding parent accounts). Executed Sell Orders, Uncredited Deposits and Completed Withdrawals will not be counted at the time of the snapshot.

4. Calculation rule: BAG received by User A = (Amount of BAGS held by User A at the time of snapshot / Amount of BAGS held by Huobi Global at the time of snapshot) * BAG received by Huobi Global

Please note that BAG airdrops may not be obtained due to the on-chain operating mechanism.

5. Distribution time: The airdrop will be distributed to your Exchange account starting from the next working day (T+1) after you hold BAGS (T+0).

6. Deposit and withdrawal related: From 10:00 to 12:00 (UTC+8) every day, the deposits and withdrawals of BAGS could be suspended according to technical requirements.

Click here to check: Huobi ECO Chain

The final interpretation of this rule belongs to Huobi Global. Thanks for your support!

Huobi Global
January 19, 2021

 

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